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Downgrade Alert for Omega Healthcare Investors (OHI)

By Shiri Gupta

Omega Healthcare Investors (NYSE:OHI) was downgraded from Outperform to Market Perform at JMP Securities today. The stock closed yesterday at $36.64 on volume of 2.0 million shares, above average daily volume of 1.1 million.

Omega Healthcare Investors share prices have moved between a 52-week high of $37.48 and a 52-week low of $26.96 and closed yesterday at 36% above that low price at $36.65 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

OMEGA Healthcare Investors, Inc. is a real estate investment trust (REIT). The Company invests in and provides financing to the long-term care industry. OMEGA operates healthcare facilities in the United States which are operated by independent healthcare operating companies.

Potential upside of 3.2% exists for Omega Healthcare Investors, based on a current level of $36.65 and analysts' average consensus price target of $37.81. The stock should discover initial support at its 50-day moving average (MA) of $34.18 and subsequent support at its 200-day MA of $34.13.

SmarTrend recommended that subscribers consider buying shares of Omega Healthcare Investors on June 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.67. Since that recommendation, shares of Omega Healthcare Investors have risen 9.5%. We continue to monitor OHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades omega healthcare investors

Ticker(s): OHI